A man spends 80% of his income and saves the rest. what percentage of his expenditure does he save ?a.40b.25c.20d.30

Question

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Solution 1

1. Break Down the Problem

We need to determine what percentage of his expenditure (spending) the man saves if he saves 20% of his income after spending 80% of it.

2. Relevant Concepts

Let:

$I$ = Income
Expenditure = 80% of Income = $0.8I$ -Savings = 20% of Income = $0.2I$

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Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
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